Graphics are not being copied into GraphPath directory

I've been struggling with this all day, and am out of brain space. Hope you can clear it up for me -- I'm sure it's a misconfiguration in one of the .ini files, but I can't seem to track it down.

The problem, in a nutshell, is that when exporting to HTML, images are not being copied into the wrap directory no matter what config settings are active. The log file seems to indicate that they are, however (at least, it says they are being copied, but the file operation could be failing silently).

At the end of the operation, a perfectly good HTML file is in the wrap directory, with accurate HREFs... and no graphics in the /images directory (which IS there).

Do you have any idea what I've got wrong? I can package up the files and send them to you if that would be more helpful.

Thanks!

Here are the relevant config settings from _m2html.ini, in the project directory (I've stripped out lines that have nothing to do with graphics). All other .ini files are unmodified:

[Setup]
PluginVersion=b112c
WriteEquations=No
WriteAllGraphics=Yes

[Automation]
WrapAndShip=Yes
ShipPath=..\..\_ship
WrapPath=.\_wrap
CopyOriginalGraphics=Yes
GraphCopyFiles=*.jpg *.png *.bmp *.gif *.svg

[Graphics]
UseOriginalGraphicNames=Yes
UseGraphicPreviews=Yes
GraphPath=images

[End]
=======
Here is the log file output from a sample run, showing that the images are being copied, although no files end up in the indicated directories:

Mon Apr 29 17:42:25 2013
I1: Starting log for m2rbook, b112c and f007, project "cmad_mac_rel_5.2.5_012a"
I1: Opened file C:\Users\elotze\Documents\Eric Lotze\docsite resources\incoming source\CMAD\test\cmad_mac_rel_5.2.5_012a.fm
I1: File ID is aa
Mon Apr 29 17:42:27 2013
I1: Starting log for drmif, m208
Mon Apr 29 17:42:27 2013
I1: Starting log for drmif, m208
I1: Opened file "C:\Users\elotze\Documents\Eric Lotze\docsite resources\incoming source\CMAD\test\out\cmad_mac_rel_5.2.5_012a.mif" from FM
I1: File ID is aa
I1: Processing completed by drmif.
Mon Apr 29 17:42:27 2013
I1: Starting log for dwhtm, h291
I1: Opened file "cmad_mac_rel_5.2.5_012a.htm" for HTML
I1: File ID is ab
I1: Copying graphic from "cmad0011.tif" to images/abaa14ab0b.wmf
I1: Copying graphic from "..\..\art\MainAddContactBtnNormal.bmp" to images/MainAddContactBtnNormal.bmp
Mon Apr 29 17:42:28 2013
I1: Copying graphic from "..\..\art\Droparrow.bmp" to images/Droparrow.bmp
I1: Copying graphic from "..\..\art\Active.bmp" to images/Active.bmp
I1: Processing completed by dwhtm.
Mon Apr 29 17:42:28 2013
I1: Resuming log for m2rbook
Mon Apr 29 17:42:28 2013
I1: Starting log for dwhtm, h291
I1: Automation processing completed by dwhtm.